Poker Site Founder Cops Plea In 9-Year-Old Gambling Case

Law360, New York (March 25, 2020, 7:15 PM EDT) -- PokerStars founder Isai Scheinberg pled guilty in Manhattan federal court Wednesday to running an unlawful internet gambling business, nine years after he was charged and after federal prosecutors forced the Isle of Man website to forfeit $547 million.

Scheinberg, 73, copped to a count of operating an illegal gambling business before Manhattan U.S. Magistrate Judge Sarah L. Cave and faces a maximum five-year sentence. Guidelines in a plea agreement call for a year to 18 months in prison at his as-of-yet unscheduled sentencing, which will be handled by U.S. District Judge Lewis A. Kaplan.

"Scheinberg's guilty plea today shows the passage...

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